OFFICIAL BSV APR. 2nd GAME OVER THREAD -- TRUMP TERROR TARIFFS (aka "Liberation Day") => 4:00 PM ET ANNOUNCEMENT

SpikedLemonade

SpikedLemonade

Well-known member
Trump will be announcing these worldwide tariffs at 4:00 PM once the stock markets close for the day.

The DOW has been dropping like monster sized turds in my toilet since Trump made these TRUMP TERROR TARIFFS a month or so ago....

Stock futures slip ahead of Trump tariffs: Live updates​

https://www.cnbc.com/2025/04/01/stock-market-today-live-updates.html

You can follow the carnage here and the futures overnight look bloody indeed.


I personally don't give a shit about the stock market however I do care about Canadians and other non-Americans about to have their livelihood fucked up because of who you Americans elected.

I would say of the political news stories of this year and possibly future years, there is NO bigger story than this one and encourage you to discuss this ARMAGEDDON of AMERICAN ARROGANCE here in this thread.
 
The Morning

April 2, 2025​

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A view from above shows containers stacked at a port.
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Seagirt Marine Terminal in Baltimore. Jim Lo Scalzo/EPA, via Shutterstock​
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Today’s tariffs​

Today is, in President Trump’s telling, “Liberation Day.” For decades, many countries have imposed higher trade barriers on the United States than America does on them. In a Rose Garden event, Trump plans to strike back with tariffs that he claims will be “reciprocal” — ones that merely counter the penalties of other nations.
The logic is intuitive: Why shouldn’t we impose tariffs on countries that have imposed tariffs on us? Europe’s tax on U.S. cars, for instance, has been four times as high as America’s tax on European vehicles. That doesn’t seem fair.
Past presidents asked the same question — and came to a different conclusion than Trump did. They saw such tariffs as self-harm. That’s because America would lose more in a global trade war than every major economy except Mexico, experts estimate.
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A chart shows simulated changes in G.D.P. after three years of a 10 percent rise in tariffs between the United States and all other countries. The U.S. would lose more than every major economy except Mexico.
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Source: O.E.C.D. Economic Outlook | By The New York Times​
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Today’s newsletter explains how tariffs can hurt the U.S. economy — and why Trump believes they are worth it anyway.

Tariffs’ harms​

Consider how America has benefited from freer trade. Yes, it meant cheaper shirts, cars and phones. But it also allowed the country to play to its more profitable strengths.
The United States no longer needs factories with low-skill workers to make clothes. It can instead invest more in advanced technologies like computers and pharmaceuticals. Those investments lead to jobs that pay better than traditional manufacturing work, making Americans richer.
Open trade then lets high-tech businesses sell their new products to billions of people worldwide instead of just hundreds of millions of Americans. With more customers, these companies make more money, and they can pour their profits into further innovation, well-paying jobs and higher taxes to the U.S. government. In theory, this process leaves the country as a whole better off.
Not everyone wins. Some manufacturing jobs go to China, Mexico and elsewhere. Communities that rely on those jobs suffer unless they find a way to adjust to the new economy.
But using trade barriers to keep those old jobs is costly: First, it means higher prices. Second, a closed-off United States needs to pay for factories that make clothes, for instance, meaning it can invest less in those newer, better-paying jobs in advanced technology. The economy becomes less efficient and fails to reach its potential.
Trump’s style also comes with costs. He has imposed and rescinded levies on a whim, making his moves unpredictable. Even now, no one outside the administration knows what Trump’s reciprocal tariffs will look like. Markets loathe such unpredictability. Businesses want to know what’s coming so they don’t waste money investing in the wrong things. They can’t do that if materials they depend on can become 25 percent more expensive with little warning.

Trump’s view​

Trump and his allies argue that they take a long view. Yes, they say, tariffs lead to chaos in the short term. But they will eventually bring back manufacturing jobs that people in some communities relied on. Yes, they say, consumers and businesses will pay higher prices. But those higher prices are worth the long-term benefits of self-sufficiency and more jobs. Yes, they say, the federal government will have to subsidize businesses that are vulnerable to a trade war (including farms). But tariffs will bring in more revenue than the subsidies cost.
And the tariffs may not last long, anyway, if other countries repeal their own trade barriers against America, after which the United States can unwind its reciprocal levies.
Most economists disagree with Trump’s claims. To the extent that he’s right, his goals will require something he has not demonstrated so far: commitment. Businesses will invest in domestic manufacturing only if they think they have no other option because the tariffs will stick. Other nations will withdraw their tariffs only if they think doing so is necessary to regain American customers.
Because Trump rescinded some of his previous tariffs after markets recoiled, businesses and other countries have good reason to believe that today’s tariff rollout is a feint. They may try to call Trump’s bluff. What happens next depends on whether he folds.
 
herodotus said:
Isn't he a day late in doing this? Well. April Fools has come and passed. Trump is the biggest fool at last
Click to expand...

THE TINY ORANGE MUSHROOM DICK actually joked about the timing repeatedly for 2 months now.

He said he wanted to make the tariffs effective April 1st but did NOT because it was April Fool's Day.
 
The specifics of the tariffs are AFTER the market closes today but Trump is a con artist like his Father and you know information is being leaked RIGHT NOW to his rich friends and donors.


This will be the biggest INSIDER TRADING SCHEME in history
 
Americans really are poorly informed and educated eh?

Most have NO idea NOR interest in what a tariff is.

"President Trump is Jesus-like and he is one of us."​
 
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